Thomas Szlosek named AutoNation CFO; Joe Decrease takes some other position

BE desk

AutoNation Inc. has rented a untouched CFO in what’s the auto store’s 2d main government trade throughout the endmost few weeks.

Thomas Szlosek, 59, an government from out of doors the automobile trade, will get started through Aug. 7, the Castle Lauderdale, Fla., corporate introduced Tuesday.

He replaces Joe Decrease, who come August will journey to a newly created position on the corporate overseeing “business transformation initiatives,” AutoNation stated.

Decrease used to be named CFO in overdue 2019 later running in that position at office-supplies corporate Administrative center Vault.

“I am excited to welcome a best-in-class Fortune 500 CFO and business leader like Tom to the AutoNation team,” AutoNation CEO Mike Manley stated in a remark. “He has delivered outstanding results across multiple industries.”

Szlosek since December 2018 has been CFO of Avantor Inc., a services corporate desirous about biopharmaceuticals, condition assist, schooling and govt, complicated applied sciences and carried out fabrics. He additionally has CFO enjoy at Honeywell World, the place AutoNation stated he accomplished $8 billion in acquisitions.

Szlosek will report back to Manley and concentrate on boxes together with finance operations, investor family members, actual property products and services and possibility control.

AutoNation pays Szlosek an annual bottom wage of $825,000 and a sign-on fee of $1 million money, consistent with a regulatory submitting. He additionally will obtain a one-time lend of $1.5 million in limited conserve and a one-time lend of $1 million in performance-based limited conserve, consistent with the submitting.

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